Post Holdings Inc Stock Forecast
Post Holdings Inc stock downgraded to Sell Candidate
(Updated on May 01, 2024)
The Post Holdings Inc stock price fell by -1.25% on the last day (Wednesday, 1st May 2024) from $106.15 to $104.82. During the last trading day the stock fluctuated 1.43% from a day low at $104.57 to a day high of $106.07. The price has risen in 6 of the last 10 days and is up by 3.38% over the past 2 weeks. Volume has increased on the last day by 116 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 702 thousand shares were bought and sold for approximately $73.60 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Post Holdings Inc stock with a 90% probability to be traded between $99.34 and $106.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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POST Signals & Forecast
The Post Holdings Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $105.82. On a fall, the stock will find some support from the long-term average at approximately $104.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Monday, April 29, 2024 and based on theory for this formation the price should fall by -11.82% to $92.43 within 22 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Post Holdings Inc stock
Post Holdings Inc finds support from accumulated volume at $104.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.50 (1.43%) between high and low. For the last week, the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POST) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Post Holdings Inc to open at $105.15, and during the day (based on 14 day Average True Range), to move between $103.38 and $106.26, which gives a possible trading interval of +/-$1.44 (+/-1.38%) up or down from last closing price. If Post Holdings Inc takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $104.26 (0.53%) than the resistance at $105.39 (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Post Holdings Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.29. We will update the financials statements for Post Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.09% in the first trading day after earnings release.
Is Post Holdings Inc stock A Buy?
Post Holdings Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.659 Sell Candidate Downgraded
Predicted Opening Price for Post Holdings Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $105.15 ( 0.316%) | $104.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.65 | 1.74 % | |
| R2 | 106.08 | 1.20 % | ||
| R1 | 105.72 | 0.86 % | ||
| Current price: | 104.82 | |||
| Support | S1 | 104.58 | -0.228 % | |
| S2 | 104.23 | -0.565 % | ||
| S3 | 103.66 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.17 | 2.24 % | |
| R2 | 106.47 | 1.57 % | ||
| R1 | 105.39 | 0.544 % | ||
| Current price | 104.82 | |||
| Support | S1 | 104.26 | -0.534% | |
| S2 | 103.73 | -1.04% | ||
| S3 | 101.01 | -3.63% |
FAQ
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